Author

Topic: Commercial View of Mining Industry. (Read 218 times)

legendary
Activity: 1512
Merit: 1012
June 21, 2017, 09:40:32 AM
#1
Source : https://medium.com/@elombrozo/why-i-support-bip148-4b4c0a9feb4d

Quote
Mining pool operators, and in particular, Jihan Wu and Micree Zhan agreed they would signal SegWit using BIP9 upon the release of the production-ready code which occurred later in the fall, after the third Scaling Bitcoin conference. However, soon after this meeting, Bitmain ceased responding to all my attempts at communication and instead began supporting a fork of the Bitcoin Core codebase that deliberately breaks with consensus rules.

Not being someone to give up so easily, I continued to attempt reestablishing communications. Finally, months later through the help of someone who had contacts in Bitmain, I was able to get in touch with Jihan Wu and arrange for a meeting with all the top mining pools which took place in Beijing in March. In my opening remarks I explicitly stated that I was not there to try to force any decisions on them — that it was entirely in their right to run whatever software they wanted, whether Bitcoin Core or something else. I was there to listen to their concerns and see if we might be able to find some common ground. I also made clear that nothing was to be signed. Any proposals would have to go through public scrutiny and review before any commitments could be made by anyone.

At first I was very optimistic that we had made good progress. And indeed, with a few of the miners present I did forge good bonds and made some great new friends. But almost immediately upon leaving, Jihan Wu reverted to his taunting tweets and bullying tactics. It was as if *nothing* had gotten through to him…he was only interested in playing his game.

Mining industries, government targuet ... or MMORPG ?

P2P war.
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